Norquist: To Fix Economy, Obama Should Lose in 2012

What is the best way for President Barack Obama to help the economy out of its funk? By losing his campaign for re-election next year, says Grover Norquist, president of Americans for Tax Reform and a Newsmax contributor.

Grover Norquist

“Obama has done more damage to the economy in his first two years of bailouts, wasted stimulus, and expanding the occupation of Afghanistan — costing $124 billion in 2008-2009 and $1.1 trillion over the next 10 years,” he writes on Politico.

“Obama still could agree to Republican plans to reduce the corporate income tax rate from today’s 35 percent, allow the repatriation of the one trillion dollars in earnings held by American companies overseas and allowing full expensing for all new investment.”

But better yet would be a Republican takeover of the Senate in 2012, “which will put the nail in the coffin of all Obama’s big spending plans,” Norquist says. “Obama could be an economic hero like Carter whose second term was a smashing success when he outsourced it to Ronald Reagan.”